Hall, 29, signed for $1.95 million with $50,000 in incentives. He had been eligible for arbitration for the first time and had asked for $2.25 million while the team had offered $1.7 million.
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Purchase all Tampa Bay Devil Rays tickets now."I'm pleased and am looking forward to the season," Hall said.
Hall hit .255 in 119 games in 2004 with eight home runs and a career-high 60 RBIs. In his four years with Tampa Bay, Hall's caught-stealing rate of 32.9 percent is 10th among the 49 active catchers.
Lugo, 29, was in his second year of arbitration eligibility. He signed for $3.25 million and with a club option worth $4.95 million for 2006, with a $100,000 buyout. Lugo had asked for $3.8 million while the Rays offered $3.1 million.
Lugo hit .275 with seven home runs and 75 RBIs for the Rays in 2004, leading the club with 41 doubles. Lugo also led the Rays with a .309 average with runners in scoring position and a .421 (8-for-19) average with the bases loaded.
Also on Friday, the Rays signed minor league pitcher Brian Stokes to a one-year contract.
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